The stock of Johnson Outdoors Inc. (NASDAQ:JOUT) reached all time high today, Nov, 29 and still has $47.12 target or 9.00% above today’s $43.23 share price. This indicates more upside for the $443.82 million company. This technical setup was reported by Barchart.com. If the $47.12 PT is reached, the company will be worth $39.94 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 14,781 shares traded hands. Johnson Outdoors Inc. (NASDAQ:JOUT) has risen 87.98% since April 26, 2016 and is uptrending. It has outperformed by 82.72% the S&P500.

Analysts await Johnson Outdoors Inc. (NASDAQ:JOUT) to report earnings on December, 5. They expect $0.02 EPS, down 83.33% or $0.10 from last year’s $0.12 per share. JOUT’s profit will be $205,330 for 540.38 P/E if the $0.02 EPS becomes a reality. After $0.68 actual EPS reported by Johnson Outdoors Inc. for the previous quarter, Wall Street now forecasts -97.06% negative EPS growth.

Johnson Outdoors Inc. (NASDAQ:JOUT) Ratings Coverage

Out of 2 analysts covering Johnson Outdoors (NASDAQ:JOUT), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Johnson Outdoors has been the topic of 2 analyst reports since December 30, 2015 according to StockzIntelligence Inc. Barrington Research maintained Johnson Outdoors Inc. (NASDAQ:JOUT) rating on Wednesday, December 30. Barrington Research has “Outperform” rating and $28.0 price target. The rating was initiated by Imperial Capital with “Outperform” on Wednesday, August 24.

Insitutional Activity: The institutional sentiment increased to 2.04 in 2016 Q2. Its up 0.37, from 1.67 in 2016Q1. The ratio increased, as 6 funds sold all Johnson Outdoors Inc. shares owned while 18 reduced positions. 12 funds bought stakes while 28 increased positions. They now own 6.19 million shares or 0.99% more from 6.12 million shares in 2016Q1.
Boston owns 93,193 shares or 0% of their US portfolio. Bridgeway Cap Mgmt last reported 0.06% of its portfolio in the stock. Acadian Asset Mngmt Ltd Liability Co holds 0% or 33,494 shares in its portfolio. Spark Investment Mgmt Limited Liability Com holds 0.07% or 30,100 shares in its portfolio. Pnc Financial Services Group holds 57 shares or 0% of its portfolio. Tower Cap Limited Liability Company (Trc) has 0% invested in the company for 446 shares. The Wisconsin-based Morgan Dempsey Capital Mngmt Lc has invested 1.47% in Johnson Outdoors Inc. (NASDAQ:JOUT). Jpmorgan Chase & holds 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT) for 2,127 shares. Fmr Llc has invested 0% of its portfolio in Johnson Outdoors Inc. (NASDAQ:JOUT). First Manhattan last reported 0% of its portfolio in the stock. Wells Fargo Mn holds 37,685 shares or 0% of its portfolio. The Florida-based Ladenburg Thalmann Finance has invested 0% in Johnson Outdoors Inc. (NASDAQ:JOUT). Bnp Paribas Arbitrage holds 165 shares or 0% of its portfolio. Vanguard Grp Inc owns 129,530 shares or 0% of their US portfolio. Hillsdale Investment Mngmt has 12,100 shares for 0.09% of their US portfolio.

Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 2 sales for $192,174 net activity. The insider Johnson David W sold 3,000 shares worth $85,585.

JOUT Company Profile

Johnson Outdoors Inc., incorporated on August 21, 1987, is a maker and marketer of branded seasonal, outdoor recreation products. The Firm operates through four divisions: Marine Electronics, Outdoor Equipment, Watercraft and Diving. The Company’s products are used for fishing from a boat, diving, paddling, hiking and camping.